A collaborative report titled “Hyderabad’s Residential Renaissance: Dissecting the City’s Transforming Housing Landscape” was produced by CBRE South Asia Pvt. Ltd. and CREDAI-Telangana. The high-end residential segment (₹1-2 crore and above) now accounts.
for over 50% of sales from CY 2022 onwards, up from about 30% till CY 2021, according to the report, which signals a substantial shift in the city’s housing industry. Prior to the pandemic, fewer than 20% of new releases in this market were made annually; after 2022, however, this percentage has increased to 55–65%.
On the other hand.
Hyderabad’s mid-segment residential sales, which range from ₹45 lakhs to ₹1 crore, have significantly decreased from their 50% share until CY 2021 to less than 25% in H1 2024. In a similar vein, the mid-segment’s percentage of new launches has decreased to about 25% from 60–70% during the pre-COVID era.
In terms of new releases, the mid-end (₹45 lakhs to ₹1 crore) category has historically dominated Hyderabad’s residential market. But following COVID, there has been a discernible movement in recent years towards the high-end (₹1-2 crore) market, fuelled by growing disposable incomes and changing consumer preferences.
Hyderabad’s real estate market has experienced a notable shift towards high-end residential properties since 2022. According to a joint report by CBRE South Asia Pvt. Ltd and CREDAI-Telangana, sales in the high-end segment—defined as properties priced between ₹1 crore and ₹2 crore—have surged to over 50% of the market share, a significant increase from approximately 30% until 2021.
This upward trend is mirrored in new project launches within the high-end category. Since 2022, these launches have constituted about 55% to 65% of the total, a substantial rise from the less than 20% observed annually before the COVID-19 pandemic.
Conversely, the mid-segment housing market, encompassing properties priced between ₹45 lakh and ₹1 crore, has witnessed a decline. In the first half of 2024, sales in this segment dropped to less than 25%, a sharp decrease from the 50% share recorded until 2021. Similarly, new launches in the mid-segment have fallen to approximately 25%, compared to the 60% to 70% share seen in the pre-pandemic period.
Several factors contribute to this market evolution. Rising disposable incomes and changing buyer preferences have increased demand for premium housing options. Additionally, Hyderabad’s significant growth over the past decade has positioned the city as a preferred destination for premium and luxury housing.
The premium (₹2 crore to ₹4 crore) and luxury (above ₹4 crore) segments, which previously accounted for less than 5% of total launches until 2021, have expanded to over 20% of all new developments in 2023 and the first half of 2024. This growth is particularly evident in western Hyderabad areas such as Kokapet, Tellapur, Narsingi, Manikonda, and Nanakramguda.
In summary, Hyderabad’s residential real estate landscape has undergone a significant transformation, with a pronounced shift towards high-end properties. This trend reflects evolving consumer preferences and the city’s robust economic development.
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